$TRX BEARISH PRESSURE EASING: IS A SHORT-TERM BOUNCE COMING?
$TRX is currently trading at $0.2755, down -0.54% on the day. After a steady downward grind, price is showing signs of stabilization above the $0.2750 support. Bulls are cautiously stepping in, but overall structure remains weak unless key resistance levels are reclaimed.
Key Technical Levels:
• Immediate Resistance: $0.2765 – $0.2778
Price must break above this zone for any real bullish momentum to develop.
• Support Zone: $0.2732 – $0.2750
A breakdown below $0.2732 could trigger another leg down, potentially toward $0.2700.
Trade Setup:
Bullish Scenario:
• Entry: Above $0.2765 with confirmation
• TP1: $0.2780
• TP2: $0.2800
Bearish Scenario:
• Entry: Below $0.2732
• TP1: $0.2700
• TP2: $0.2665
Stop-Loss Guidance:
• Longs: Below $0.2740
• Shorts: Above $0.2770
TRX is attempting to form a base after a clean downtrend. A breakout above $0.2765 may signal a short-term recovery, while a drop below $0.2732 could resume the bearish trend. Stay cautious until volume confirms direction.